Marsh & McLennan Agency LLC*, a subsidiary of Marsh, has acquired Vézina, a Montreal, Quebec-based independent insurance brokerage firm. The acquisition includes the property/casualty brokerage division Vézina Assurances Inc. and group benefits division Vézina & Associes. Terms of the transaction were …
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A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The case stems from a 2002 lawsuit by …
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Circling thousands of feet above Tasmania’s farmland in a light aircraft, Christina Nebel prepares to release tiny chemical particles as part of a cloud-seeding scheme estimated to have helped boost rainfall on the Australian island by at least 5 percent. …
The article As Strong El Nino Looms, Cloud Seeding Gets a Tailwind appeared first on Insurance Journal.
In the midst of moving from Atlanta to St. Louis last year, Thomas Nitzsche discovered his parked rental car had been hit by another car, causing $791 in damage. To keep costs low, he had rejected the “collision damage waiver” …
The article How Rental Car Insurance Offered by Credit Cards Varies appeared first on Insurance Journal.
Altitude Risk Partners, Castel’s global aviation and space underwriting business, announced that it “has added the General Insurance Corporation of India [GIC], the world’s 15th largest reinsurer, to its aviation capacity providers. “The Indian government owned business joins existing capacity …
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When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. But are they really a good idea? Car companies answer with an emphatic yes. …
The article Safety Experts Warn Smart Car Dashboard Screens Distract Drivers appeared first on Insurance Journal.
PERILS AG has disclosed its third loss estimate for windstorm Elon-Felix which affected Western and Northern Europe between the 8th and the 12th of January 2015. The revised estimate of the property insurance market loss is €328 million [$362 million]. …
The article PERILS 3rd Loss Estimate for Windstorm Ebon-Felix is $362 Million appeared first on Insurance Journal.
The El Niño forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that’s evoking parallels with the record 1997-98 event. Several cyclones, including …
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W. R. Berkley Corporation announced the formation of Berkley International Seguros Colombia S.A., which it said would “provide a full range of commercial insurance products, including construction all risk, surety, general liability, directors and officers liability, select classes of professional …
The article Rincón to Head New W. R. Berkley Subsidiary-Berkley Int’l. Seguros Colombia appeared first on Insurance Journal.
The UK Financial Reporting Council is investigating former employees of RSA Insurance Group plc’s Irish unit regarding accounting irregularities in 2012. “The FRC has decided to investigate the conduct of certain individual members,” the accounting and auditing authority said in a …
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